RE:RE:RE:Cytodyn downThe question to ask is if you are the CEO of a company, do you want to promote it with real facts or on non facts, hope, promises? Also, higher SP does not mean better financing deal. Cytodyn were never able to finance since they left the penny stock area. Thera had to do a convertible when the SP was at 13$ per share. Why? Probably because nobody wanted to be part of a bought deal at such a high price. It is impossible to do a financing on an artificially high SP. The convertible should have been a selling signal for me back then, but I did not understand it back then.
scarlet1967 wrote: CYDY started their campaign for their one hit wonder drug based on soft data in October 2019.
The SP rose from 0.35 cents to all time high $10 US. Since then it dropped and rose few times and now it dropped heavily due to fact they have to as per agencies request run an additional study for covid19 indication.
To date they are valued almost 4 times more than THTX. So yes you can promote soft data successfully and yes if not followed by hard data there is a price to pay.
Going back to most hated/loved subject the recent financing.
Why couldn't company promote the soft data get the SP higher and close a more feasible deal?
The least they would get of it would be even temporary( in case the cancer trial hit a the brick wall) a higher SP thus better deal, more money less dilution etc.
Promoting and marketing your business can always come handy in good or bad times.